GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Shares Gap Down – Should You Sell?

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) shares gapped down prior to trading on Tuesday . The stock had previously closed at $38.27, but opened at $34.45. GraniteShares 2x Long INTC Daily ETF shares last traded at $32.56, with a volume of 1,100,357 shares changing hands.

GraniteShares 2x Long INTC Daily ETF Stock Performance

The firm has a 50 day simple moving average of $38.62 and a two-hundred day simple moving average of $19.06.

Institutional Trading of GraniteShares 2x Long INTC Daily ETF

A number of institutional investors have recently made changes to their positions in INTW. Group One Trading LLC acquired a new position in GraniteShares 2x Long INTC Daily ETF during the second quarter worth about $42,000. Optiver Holding B.V. purchased a new stake in GraniteShares 2x Long INTC Daily ETF during the first quarter valued at about $267,000. Jane Street Group LLC purchased a new stake in GraniteShares 2x Long INTC Daily ETF during the first quarter valued at about $289,000. Scientech Research LLC acquired a new position in shares of GraniteShares 2x Long INTC Daily ETF in the third quarter worth about $521,000. Finally, Susquehanna International Group LLP boosted its holdings in shares of GraniteShares 2x Long INTC Daily ETF by 924.4% in the third quarter. Susquehanna International Group LLP now owns 145,861 shares of the company’s stock worth $5,693,000 after buying an additional 131,623 shares during the period.

GraniteShares 2x Long INTC Daily ETF Company Profile

The GraniteShares 2x Long INTC Daily ETF (INTW) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Intel Corporation (INTC) stock. INTW was launched on Feb 13, 2025 and is issued by GraniteShares.